Home » Machine Economy » Life happiness progress versus technological progress

Life happiness progress versus technological progress

Robert Ayres in his book Turning Point: The End of the Growth Paradigm (London: Earthscan, 1998) writes:

“There is a potential for confusion between technological progress and ‘progress.’  In a certain simplistic sense the difference between growth and progress is all too obvious: It is the difference between ‘more’ and ‘better.’

The true measure of economic output is not the quantity of goods produced, but the quality and value of final services provided to the consumer.

Growth of the kind now occurring in the US and Europe is no longer making people happier or improving their real standard of living.”

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: